NEW YORK - Stock prices are lower in early trading today as investors awaited a report on the health of the nation's service economy. In the opening minutes, the Dow Jones industrial average is down 44.63 at 14,002.68.
The Nasdaq Composite is off 12.23 to 2,734.88 and the Standard & Poor's 500 has fallen 5.68 to 1,540.95.
Any weakness in the service sector, whose industries range from banking to retail and travel and account for 80 percent of U.S. economic activity, could support the case for further interest rate cuts from the Federal Reserve. The Institute for Supply Management issues its reading on the sector at 10 a.m. EDT and is expected to report slower growth …
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